US stocks dropped to their worst day since July on Wednesday, following the latest signal that inflation is getting worse. The S&P 500 sank 1.1 per cent for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average fell 48 points, or 0.1 per cent, and the Nasdaq composite slid 1.9 per cent as stocks in the artificial-intelligence industry led the way lower. Stocks felt pressure from rising yields in the bond market, where worries grew after a report said US...
Business
US stocks drop to their worst day since July as inflation worsens
South China Morning Post
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